Canopy Historical Balance Sheet

WEED Stock  CAD 4.42  0.08  1.78%   
Trend analysis of Canopy Growth Corp balance sheet accounts such as Total Assets of 26 M, Other Current Liab of 79.9 M, Total Current Liabilities of 2.7 M or Total Stockholder Equity of 21.7 M provides information on Canopy Growth's total assets, liabilities, and equity, which is the actual value of Canopy Growth Corp to its prevalent stockholders. By breaking down trends over time using Canopy Growth balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
 
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Financial Statement Analysis is much more than just reviewing and examining Canopy Growth Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Canopy Growth Corp is a good buy for the upcoming year.

Canopy Growth Inventory

77.29 Million

  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Canopy Growth Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

About Canopy Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Canopy Growth Corp at a specified time, usually calculated after every quarter, six months, or one year. Canopy Growth Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Canopy Growth and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Canopy currently owns. An asset can also be divided into two categories, current and non-current.

Canopy Growth Balance Sheet Chart

At this time, Canopy Growth's Short and Long Term Debt Total is very stable compared to the past year. As of the 14th of December 2024, Property Plant And Equipment Net is likely to grow to about 592.1 M, while Total Assets are likely to drop about 26 M.

Total Assets

Total assets refers to the total amount of Canopy Growth assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Canopy Growth Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Canopy Growth balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Canopy Growth Corp are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most accounts from Canopy Growth's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Canopy Growth Corp current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Canopy Growth Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
At this time, Canopy Growth's Short and Long Term Debt Total is very stable compared to the past year. As of the 14th of December 2024, Property Plant And Equipment Net is likely to grow to about 592.1 M, while Total Assets are likely to drop about 26 M.
 2021 2022 2023 (projected)
Other Current Liabilities139.3M181.0M76.4M
Total Assets5.6B2.4B1.3B

Canopy Growth balance sheet Correlations

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Canopy Growth Account Relationship Matchups

Canopy Growth balance sheet Accounts

201920202021202220232024 (projected)
Total Assets8.7B6.9B6.8B5.6B2.4B1.3B
Other Current Liab240.4M207.2M139.3M181.0M76.4M79.9M
Total Current Liabilities411.7M420.6M284.3M212.9M803.8M234.7M
Total Stockholder Equity7.0B4.9B3.5B3.6B758.4M500.4M
Net Debt(677.4M)428.3M725.0M629.9M497.7M522.6M
Retained Earnings(777.1M)(4.3B)(6.1B)(6.4B)(9.7B)(10.3B)
Cash2.5B1.3B1.2B776.0M677.0M170.3M
Cash And Short Term Investments2.0B2.3B1.4B782.6M205.8M195.5M
Common Stock Shares Outstanding34.8M371.7M391.3M46.4M74.8M122.0M
Short Term Investments673.3M1.1B595.7M105.6M33.2M31.5M
Liabilities And Stockholders Equity6.9B6.8B5.6B2.4B1.3B2.5B
Other Current Assets64.4M92.9M19.1M19.1M139.9M38.6M
Other Stockholder Equity1.6B2.6B2.4B2.5B2.5B2.6B
Total Liab1.5B1.7B3.2B2.0B1.7B799.8M
Total Current Assets5.1B2.6B2.8B1.7B1.1B371.2M
Accounts Payable188.9M123.4M67.3M64.3M31.8M28.7M
Non Current Liabilities Total1.3B2.9B1.8B875.2M565.1M790.9M
Common Stock6.0B6.4B7.2B7.5B7.9B8.2B
Short Long Term Debt Total625.8M1.6B1.5B1.3B668.0M673.0M
Property Plant And Equipment Net1.5B1.1B942.8M499.5M320.1M592.1M
Non Current Assets Total4.3B4.0B3.9B1.4B929.2M882.7M
Accumulated Other Comprehensive Income220.9M(34.2M)(42.3M)(13.9M)(16.1M)(15.2M)
Short Term Debt103.7M56.7M9.8M9.3M585.3M119.1M
Intangible Assets519.6M476.4M308.2M252.7M188.7M104.1M
Net Tangible Assets4.7B2.5B1.3B1.5B24.9M23.6M
Long Term Debt842.3M449.0M1.6B1.5B750.0M493.3M
Net Receivables107.0M90.2M92.4M96.4M68.5M51.8M
Inventory262.1M391.1M368.0M204.4M148.9M77.3M
Short Long Term Debt103.7M16.4M9.8M9.3M556.9M103.9M
Property Plant Equipment1.1B1.5B1.1B942.8M499.5M14.8M
Other Liab239.1M690.2M1.3B178.8M205.7M343.6M
Current Deferred Revenue37.6M41.1M100.8M76.0M87.4M91.8M
Property Plant And Equipment Gross1.5B1.3B1.2B499.5M418.3M712.0M
Non Currrent Assets Other18.7M5.0M15.3M141K325.5M341.8M
Other Assets22.6M102.5M479.5M19.8M1.00.95
Good Will2.0B1.9B1.9B85.6M43.2M41.1M
Long Term Debt Total500.7M1.6B1.5B789.6M908.1M831.0M
Long Term Investments315.1M708.3M341.7M568.3M136.2M129.4M
Non Current Liabilities Other440.7M613.1M135.9M124.9M16.2M15.4M

Pair Trading with Canopy Growth

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Canopy Growth position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Canopy Growth will appreciate offsetting losses from the drop in the long position's value.

Moving together with Canopy Stock

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Moving against Canopy Stock

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The ability to find closely correlated positions to Canopy Growth could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canopy Growth when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Canopy Growth - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Canopy Growth Corp to buy it.
The correlation of Canopy Growth is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Canopy Growth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canopy Growth Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Canopy Growth can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Canopy Growth Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Canopy Growth's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Canopy Growth Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Canopy Growth Corp Stock:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Canopy Growth Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Please note, there is a significant difference between Canopy Growth's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canopy Growth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canopy Growth's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.